what is fair globalisation? what r the steps taken to ensure fair globalisation? how does foriegn trade lead to intergration of markets across country? explain with examples? explain the term consumer? explain the different rights give to consumers. give examples for the same please help!
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Fair globalisation is one in which countries carry out fair trade among themselves and ensure both imports and exports are carried out as per multilateral or bilateral agreements or as per the guidelines of international agencies like GATT. The steps taken by countries to carry out the process of fair globalisation are done through international agreements among themselves, e.g SAFTA for SAARC countries in South-East Asia.
When countries participate in global trade, their domestic market becomes integrated as production bases are set up in certain places and raw materials, ancillaries and services sourced from other places.
A consumer is a person or group of persons or institutions that buy and use the purchased goods or avail of the service that is made available to them.
Consumers today are protected by domestic laws as well as international understandings among groups or nation states.
When countries participate in global trade, their domestic market becomes integrated as production bases are set up in certain places and raw materials, ancillaries and services sourced from other places.
A consumer is a person or group of persons or institutions that buy and use the purchased goods or avail of the service that is made available to them.
Consumers today are protected by domestic laws as well as international understandings among groups or nation states.
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